New Jersey Mortgage Secured and Promissory Note
County Specific Legal Forms Validated as recently as May 19, 2026 by our Forms Development Team
About the New Jersey Mortgage Secured and Promissory Note
How to Use This Form
- Select your county from the list on the left
- Download the county-specific form
- Fill in the required information
- Have the document notarized if required
- Record with your county recorder's office
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This Mortgage and Promissory Note have stringent default provisions that are typically suited for owner financing or private lender when financing residential property, small commercial property, rental property (up to 4 units), Condominiums, planned unit developments and vacant land.
DEFAULT. The Lender may declare that Borrower is in default on the Note and this Mortgage if:
(a) Borrower fails to make any payment required by the Note and this Mortgage within fifteen (15) days after its due date;
(b) Borrower fails to keep any other promise in this Mortgage;
(c) The ownership of the Property is changed for any reason;
(d) The holder of any lien on the Property starts foreclosure proceedings;
(e) Bankruptcy, insolvency or receivership proceedings are started by or against Borrower; or
(f) Borrower defaults with respect to any other loan from Lender to an affiliate of Borrower.
PAYMENTS DUE UPON DEFAULT. If the Lender declares that Borrower is in default, Borrower must immediately pay the full amount of all unpaid principal, interest, other amounts due on the Note and this Mortgage and the Lender's costs of collection and reasonable attorney fees.
The Promissory Note can be used for installment or balloon payments. Includes default rates (interest rate that occurs when borrower is in default)
In addition to any other remedies available to Lender if this Note is not paid in full at the Maturity Date, Borrowers shall pay to Lender an Overdue Loan Fee, which fee shall be due at the time this Note is otherwise paid in full. The "Overdue Loan Fee" shall be determined based upon the outstanding principal balance of this Note as of the Maturity Date and shall be:
(a)one percent (1.0%) Of such principal balance if the Note is paid in full on or after thirty(30)days after the Maturity Date but less than sixty (60) days after the Maturity Date, or
(b)two percent (2.0%) of such principal balance if the Note is paid in full on or after sixty(60)days after the Maturity Date.
Late Payment Fees. Any payment which is at least ___ days past due, shall be subject to a late charge of $___ And an additional $___ per day until the payment is received. If any balloon payment is late, it shall be subject to a late fee of $___ per day.
(New Jersey Mortgage Package includes forms, guidelines, and completed examples) For use in New Jersey only.
How to Use This Form
- Select your county from the list above
- Download the county-specific form
- Fill in the required information
- Have the document notarized if required
- Record with your county recorder's office
What Others Like You Are Saying
"Professional product, with clear instructions that gave me high confidence in the accuracy my docume…"
"This was very easy to do. Great experience. These are the forms I needed. I would recommend these to…"
"Absolute crap. I would give it 0 stars for user-friendliness."
"Website seems to work great and documents are very clear and easy to review and download, thank you.…"
"Very user friendly - I found the affidavit I needed right away together with the guide to filling it…"
Common Uses for Mortgage Secured and Promissory Note
- Release a property from a deed of trust after loan payoff
- Record evidence that a construction loan has been satisfied
- Record a partial release of a mortgage or deed of trust
- Document the satisfaction or payoff of a mortgage
- Subordinate an existing mortgage to a new loan
Compare other New Jersey deed forms and documents
Important: County-Specific Forms
Our mortgage secured and promissory note forms are specifically formatted for each county in New Jersey.
After selecting your county, you'll receive forms that meet all local recording requirements, ensuring your documents will be accepted without delays or rejection fees.